Asset government startups regulating blockchain get their possess trade body: MAMA


An general consortium of heading item government companies, investors, record and use providers in a Blockchain ecosystem have shaped a new attention organization (if we cruise blockchain tech to be an industry…) to “work towards a new prophesy for item government regulating blockchain and other ancillary decentralized technologies.” In other words, a item government attention — that reached $84.9 trillion in value in 2016 and is likely to roughly double to strike $145.4 trillion in 2025 — is about to be massively disrupted by blockchain technologies, and pioneers in this space are clubbing together to foster a tech and pull for common standards.

The Multichain Asset Management Association (or MAMA for short) was recently shaped during a initial annual M-0 contention in Zug, Switzerland. Initiated by Melonport AG, MME Legal Tax Compliance and Bussmann Advisory with a support of a Swistzerland-based Canton of Zug Economic Affairs, MAMA’s 22+ first members will duty as a trade body. Zug has turn ‘ground zero’ for a nascent crypto attention since of it’s authorised slip over a new financial area.

MAMA says it aims to turn a “definitive source of information and a heart for a latest meditative and believe in a attention with a idea to settle itself as a reliable, suspicion provoking, obliged physique able of creation discerning decisions and lobbying for blockchain-based item management”.

Founder members include: University of Luzern, Credit Suisse AG, Passport Capita, JTC Group, Melonport, MME Legal Tax Compliance, Bussmann Advisory, ConsenSys uPort, Bitcoin Suisse, Crypto Fund AG, Kenetic Capital, Lendroid, 0x Project, Ethfinex, Omega One, Vo1t, Kryptonite, Cyber Fund, Neufund, Midas Technologies AG, Lakeside Partners, Virtual Capital Ventures among others.

Melonport AG is a private association behind a Melon protocol, and was a categorical actor that brought a lot of these players together.Its aim is to build open, arguable and fit record regulated investment products.

Mona El Isa, CEO of Melonport “An whole ecosystem of new Asset Management collection underpinned by open-source, efficient, secure record is rising faster than people realize – and it is essential that a innovators behind these technologies should be during a forefront of discussions with regulators and operative to figure destiny law on them globally” pronounced .

The idea of MAMA, incorporated as a Swiss Association, will be to yield a forum for contention among leaders and innovators in their attention with a purpose of formulating a unified, industry-wide voice to tackle critical issues in a industry, including:

  • Shaping law in MAM record and compelling industry-wide best practices.
  • Self-regulating in a deficiency of non-clear regulatory guidelines.
  • Research and preparation in and around a MAM record ecosystem.
  • Promoting confidence best practices peerless to MAM technology.
  • Taking a care purpose in defining and environment attention standards for MAM.
  • Shaping destiny governance procedures around MAM systems.
  • Working with other bodies to yield best use and superintendence around Token issuance.

“The Asset Management attention is in a center of a digital disruption. The MAMA beginning will be a matter for a business intrusion embracing distributed bill technologies” pronounced Oliver Bussmann, owner and handling partner of Bussmann Advisory.

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Posted by on Dec 4 2017. Filed under Europe. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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